OTTAWA — Prime Minister Mark Carney plans to give a speech later today on the tough choices his Liberal government faces in its first budget.
Carney is slated to address a group of university students, including many young people who could feel the effects of the budget for years to come.
The Conservatives say their leader, Pierre Poilievre, will meet privately with the prime minister today to discuss the coming fiscal blueprint.
The government has signalled that the budget, to be presented Nov. 4, will include spending restraint measures as well as new money for major initiatives.
In his speech, Carney is expected to reveal some of the thinking behind the government’s strategy and spell out its commitments to Canadians as it prepares the plan.
The budget comes amid widespread economic uncertainty caused by U.S. tariffs.
This report by The Canadian Press was first published Oct. 22, 2025.
The Canadian Press
